427 S Gramercy Place, Los Angeles, CA 90020

Local realty services provided by:ERA North Orange County Real Estate
427 S Gramercy Place,Los Angeles, CA 90020
$1,295,000
  • 22 Beds
  • 18 Baths
  • 5,814 sq. ft.
  • Single family
  • Active
Listed by: julie lee
Office: i&j properties
MLS#:25626317
Source:CRMLS

Price summary

  • Price:$1,295,000
  • Price per sq. ft.:$222.74

About this home

Lender Owned Property! Rare R4-zoned redevelopment opportunity in the heart of Koreatown and the Mid-Wilshire area. This vacant, fire-damaged, and boarded-up property offers exceptional potential for restoration, conversion, or ground-up construction. The existing physical layout includes 22 rooms and 18 bathrooms, totaling approximately 5,814 sqft. on 8,010 sqft. lot. However, city records reflect 13 bedrooms and 5 bathrooms, and the Buyer is strongly advised to independently verify all permits, room/bath counts, square footage, zoning, and any unpermitted improvements. The property is located in a prime high-density residential zone (R4), allowing for multifamily or mixed-use development an opportunity rarely available in this sought-after Los Angeles location. Enjoy excellent walkability near Wilshire Blvd., shopping, dining, and public transit. The property is also located within the prestigious 3rd Street Elementary School District, adding long-term value and desirability for

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Home facts

  • Year built:1920
  • Listing ID #:25626317
  • Added:9 day(s) ago
  • Updated:December 18, 2025 at 02:28 PM

Rooms and interior

  • Bedrooms:22
  • Total bathrooms:18
  • Living area:5,814 sq. ft.

Structure and exterior

  • Year built:1920
  • Building area:5,814 sq. ft.
  • Lot area:0.18 Acres

Utilities

  • Water:Public

Finances and disclosures

  • Price:$1,295,000
  • Price per sq. ft.:$222.74
Based on information from California Regional Multiple Listing Service, Inc. as of December 18, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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